For the quarter ending 2025-09-30, VERX has $1,221,858K in assets. $957,386K in debts. $313,506K in cash and cash equivalents.
| Balance Sheets | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 |
|---|---|---|---|---|
| Investment securities available-for-sale, at fair value (amortized cost of 9,147 and 9,550, respectively) | - | - | - | 9,157 |
| Cash and cash equivalents | 313,506 | 284,386 | 270,395 | 296,051 |
| Funds held for customers | 25,287 | 26,376 | 33,287 | 30,015 |
| Accounts receivable, net of allowance of 15,069 and 16,838, respectively | 131,502 | 143,660 | 152,338 | 164,432 |
| Prepaid expenses and other current assets | 48,532 | 48,309 | 48,942 | 36,678 |
| Total current assets | 518,827 | 502,731 | 504,962 | 536,333 |
| Property and equipment, net of accumulated depreciation | 202,655 | 195,034 | 185,557 | 177,559 |
| Capitalized software, net of accumulated amortization | 35,917 | 35,659 | 36,219 | 36,350 |
| Goodwill | 392,893 | - | - | - |
| Other intangible assets, net-Other Intangible Assets | 4,104 | - | - | - |
| Goodwill and other intangible assets | 396,997 | 397,312 | 374,312 | 363,021 |
| Deferred commissions | 28,812 | 27,737 | 27,535 | 27,480 |
| Deferred income tax asset | 22 | 20 | 19 | 19 |
| Operating lease right-of-use assets | 10,496 | 11,344 | 11,189 | 11,956 |
| Long-term investment | 15,000 | 15,000 | - | - |
| Other assets | 13,132 | 13,352 | 14,351 | 14,073 |
| Total assets | 1,221,858 | 1,198,189 | 1,154,144 | 1,166,791 |
| Accounts payable | 35,374 | 30,440 | 24,979 | 36,215 |
| Accrued expenses | 39,788 | 42,155 | 38,114 | 35,169 |
| Customer funds obligations | 22,904 | 23,913 | 30,632 | 27,406 |
| Accrued salaries and benefits | 23,729 | 14,873 | 21,768 | 14,581 |
| Accrued variable compensation | 29,101 | 19,000 | 14,144 | 45,507 |
| Deferred revenue, current | 333,636 | 341,754 | 349,757 | 339,326 |
| Current portion of operating lease liabilities | 4,236 | 4,228 | 4,043 | 3,995 |
| Current portion of finance lease liabilities | 71 | 61 | 77 | 77 |
| Purchase commitment and contingent consideration liabilities, current | 27,100 | 29,900 | 29,600 | 35,100 |
| Total current liabilities | 515,939 | 506,324 | 513,114 | 537,376 |
| Deferred revenue, net of current portion | 5,407 | 5,496 | 5,140 | 4,840 |
| Debt, net of current portion | 336,913 | 336,349 | 335,784 | 335,220 |
| Operating lease liabilities, net of current portion | 10,093 | 11,253 | 11,461 | 12,585 |
| Finance lease liabilities, net of current portion | 61 | - | - | 10 |
| Purchase commitment and contingent consideration liabilities, net of current portion | 79,000 | 80,200 | 78,200 | 87,400 |
| Deferred income tax liabilities | 7,950 | 9,369 | 9,369 | 9,918 |
| Deferred other liabilities | 2,023 | 1,156 | 586 | 90 |
| Total liabilities | 957,386 | 950,147 | 953,654 | 987,439 |
| Common stock-Common Class A | 77 | 77 | 72 | 71 |
| Common stock-Common Class B | 82 | 82 | 86 | 86 |
| Additional paid in capital | 304,177 | 292,078 | 273,300 | 278,389 |
| Accumulated deficit | -39,101 | -43,146 | -42,185 | -53,315 |
| Accumulated other comprehensive loss | -763 | -1,049 | -30,783 | -45,879 |
| Total stockholders' equity | 264,472 | 248,042 | 200,490 | 179,352 |
| Total liabilities and stockholders' equity | 1,221,858 | 1,198,189 | 1,154,144 | 1,166,791 |
Vertex, Inc. (VERX)
Vertex, Inc. (VERX)